GDX Options History — June 2024

In June 2024, GDX traded between $33.14 and $35.97. ATM implied volatility averaged 30.5%, placing in the 41.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 8.3% (HV 20d: 38.8%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.82.

Notable Days

  • 2024-06-07: Highest Volume — 293,095 contracts
  • 2024-06-24: Largest IV drop — 7.5% change
  • 2024-06-07: Highest IV Rank — 66.2%
  • 2024-06-03: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.09$33.14$35.97$35.48$33.91
Max Pain$34.45$33.00$35.00$33.00$34.00
ATM IV30.5%28.5%34.1%31.1%28.6%
Expected Move8.7%7.8%9.5%9.5%7.8%
HV 20d38.8%31.3%42.2%31.3%37.3%
HV 60d34.2%31.3%35.5%31.3%34.0%
IV Rank41.9%28.5%66.2%46.2%29.3%
IV Percentile56.8%19.8%94.4%74.2%21.0%
Term Structure0.5%-1.3%6.7%-1.3%0.7%
VWIV31.0%27.5%34.1%33.5%27.5%
Skew 25d-0.4%-1.8%0.9%-0.8%0.9%
Skew 10d-0.7%-2.5%0.7%-1.8%0.7%
Call IV 25d31.0%28.0%33.2%32.3%28.0%
Put IV 25d30.6%28.9%32.0%31.5%28.9%
Bid-Ask Spread %44.3714.4158.5514.4138.42
Gamma HHI0.080.060.320.070.07
Net GEX19.8M-12.6M95.3M29.2M13.4M
Net DEX-869.3M-2.10B-290.5M-1.62B-631.4M
Net VEX-14.8M-15.8M-14.0M-15.8M-14.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.331.971.301.10
Total Volume126,242.63254,318293,09572,99197,808
Total OI3,063,833.0532,371,8133,370,8733,134,9032,548,583

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-06-03$35.48$33.0031.1%9.5%31.3%46.2%33.5%-0.8%-1.3%29.2M-1.62B-15.8M1.3014.4131,72841,2631,596,1221,538,781
2024-06-04$34.16$33.0030.1%9.3%33.4%39.0%33.2%0.8%1.9%5.2M-822.9M-15.6M1.9715.3071,216139,9361,613,7531,561,813
2024-06-05$34.75$33.0030.0%9.1%33.9%38.7%32.9%-1.0%0.7%21.9M-1.25B-15.4M0.5324.5691,41948,7691,636,3331,538,408
2024-06-06$35.97$35.0031.8%9.2%36.0%50.5%34.1%-1.8%0.4%55.4M-2.10B-15.5M0.6545.44149,88598,1091,683,4841,546,391
2024-06-07$33.59$35.0034.1%8.9%41.9%66.2%31.5%-0.2%-0.0%-8.8M-503.9M-15.3M1.0652.03142,249150,8461,752,1051,582,071
2024-06-10$34.03$35.0031.6%8.8%42.2%49.5%31.2%-0.3%-0.7%12.3M-863.6M-15.3M0.7056.7548,51933,9161,716,3301,551,178
2024-06-11$33.66$35.0031.7%9.1%42.2%49.8%32.6%-0.8%0.1%5.4M-657.5M-15.2M0.4651.9277,83436,0511,735,2691,561,055
2024-06-12$33.91$35.0032.1%8.7%42.0%52.5%31.2%-1.5%-1.1%13.7M-813.4M-15.1M1.0857.5739,03442,2511,750,0981,556,293
2024-06-13$33.14$35.0029.9%8.6%42.0%38.1%30.1%-0.4%-0.2%-12.6M-290.5M-14.6M1.0557.75107,223112,2611,754,4581,567,817
2024-06-14$33.33$35.0030.0%8.7%42.0%38.7%31.0%-0.6%0.7%-3.6M-433.3M-14.9M0.8956.5170,28462,2031,781,8091,569,312
2024-06-17$33.23$35.0030.3%8.9%39.9%40.6%32.6%-0.5%0.0%-3.4M-438.1M-14.6M0.3358.5578,78825,7091,754,5071,553,056
2024-06-18$33.80$34.0030.3%8.7%40.2%40.4%30.5%-0.4%-1.3%20.5M-849.2M-14.7M0.8055.2430,25224,0661,802,7921,552,979
2024-06-20$34.61$34.0031.0%8.9%41.5%45.5%31.4%-0.7%0.0%57.0M-1.42B-14.6M0.4748.36104,15649,0221,807,4221,553,463
2024-06-21$33.95$35.0031.4%8.6%39.2%47.7%30.4%0.5%6.7%95.3M-972.5M-14.4M0.5249.1669,70536,3581,823,9281,546,945
2024-06-24$34.30$35.0029.0%8.3%38.9%31.7%28.9%0.8%0.7%21.1M-798.1M-14.1M0.3443.4849,21416,6171,284,0661,087,747
2024-06-25$33.86$35.0028.5%8.1%38.7%28.5%29.0%-0.4%0.8%13.5M-633.5M-14.0M0.5236.8744,98123,2771,300,3041,097,080
2024-06-26$33.72$34.5028.7%8.1%37.6%29.7%28.7%-0.6%0.7%12.1M-576.8M-14.1M0.7843.2432,98925,5811,336,0051,102,539
2024-06-27$34.30$34.0029.2%8.3%37.3%33.2%29.4%-0.2%0.0%29.4M-846.8M-14.4M1.0037.5147,61947,4721,355,4161,113,116
2024-06-28$33.91$34.0028.6%7.8%37.3%29.3%27.5%0.9%0.7%13.4M-631.4M-14.1M1.1038.4246,65551,1531,405,5671,143,016